0.15 (0.22%) 1d
They have peaked. He's avoiding all used car stocks.

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To play the used car market in the U.S. Has looked at Carvana, but doesn't know CarMax well. They have a digital online presence to attract customers, and they offer guarantees for their cars. They project high-single-digit growth, but the PE is not cheap. He's not totally against buying KMX, but slightly prefers Carvana.


They report Friday. Used cars are booming, because carmakers like GM are stuck with the semiconductor shortage. He doubts Carmax will say that used cars are more plentiful, though. This stock could be tough.

Many believe used cars are peaking now, but he disagrees. Don't sell this, but buy it.
It reports Thursday and he expects a blow-out report. They sell used cars. Carmakers can't make new cars because of the ongoing semiconductor shortage. So, the used car market is soaking up demand.
A tailwind is the current trend of people moving out of the city into the suburbs and country as the homebuilding sector rallies. Another is the fear of people using public transit during Covid.
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CarMax(KMX-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for CarMax is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

CarMax(KMX-N) Frequently Asked Questions

What is CarMax stock symbol?

CarMax is a American stock, trading under the symbol KMX-N on the New York Stock Exchange (KMX). It is usually referred to as NYSE:KMX or KMX-N

Is CarMax a buy or a sell?

In the last year, there was no coverage of CarMax published on Stockchase.

Is CarMax a good investment or a top pick?

CarMax was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for CarMax.

Why is CarMax stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is CarMax worth watching?

0 stock analysts on Stockchase covered CarMax In the last year. It is a trending stock that is worth watching.

What is CarMax stock price?

On 2022-12-01, CarMax (KMX-N) stock closed at a price of $69.51.